JLL Calgary Office, 855 2nd Street SW Suite 3900, Calgary, AB (2026)

07/29/2026

Thoughts from Kara Dusseldorp on Calgary’s Downtown Office Conversion Program and what it could mean for the future of the downtown office market:

Office-to-residential conversions are becoming one of the more interesting shifts in Calgary's downtown office market.

On paper, the numbers are significant. Calgary has approved twenty-one conversion projects, representing approximately 2.7 million square feet of office space. To date, the Downtown Office Conversion Program has seen eight completed projects totaling 925,000 square feet being transformed to 2,667 new homes and 226 hotel rooms.

What sets Calgary apart from other Canadian cities is the scale and structure of its approach. While Toronto and Vancouver have seen sporadic conversions driven primarily by market forces, Calgary has taken a more coordinated path with dedicated municipal funding and a clear program framework. The city's higher office vacancy rates created both the urgency and the opportunity to move decisively. Montreal and Ottawa have explored similar programs, but Calgary's Downtown Office Conversion Program represents one of the more comprehensive municipal efforts to address post-pandemic office inventory challenges in Canada.

The program is meant to bring more people into the core, which means more restaurants, retail, safety, and vibrancy. Anyone who spends time downtown Calgary after 5:00 p.m. knows that part matters.

From June 15 to July 27, 2026, the program accepted funding applications for an additional $25 million in City incentive funding available to eligible conversion projects. Conversions will not fix every challenge in the office market. Nothing is that simple. But they do change the supply picture, and over time, that can help create a healthier balance.

Photo credit: City of Calgary

07/29/2026

Thoughts from Mason Lam following a recent visit to the Calgary Flames Experience Centre and a closer look at what Scotia Place could mean for downtown Calgary:

Calgary has never been shy about showing up for the Flames.

Ian and I recently had the chance to visit the Calgary Flames Experience Centre and get a closer look at what is coming with Scotia Place. It was a well-run experience from start to finish. The team built excitement, answered the right questions and moved people through the process without overcomplicating it.

What stood out most was the level of interest.

The Flames were expecting strong support, but season ticket uptake has been closer to full capacity than anticipated. That says a lot about Calgary. People are ready for this next chapter.

From my perspective, that matters beyond hockey.

Calgary is growing quickly, with the city moving toward a population of two million people. Its combination of opportunity, quality of life, natural beauty and unmistakable cowboy culture is becoming one of Canada’s worst-kept secrets.

That growth also changes what Calgary needs from its downtown.

Major venues bring people into the core, support nearby restaurants and local businesses, and give Calgarians another reason to gather. That activity is good for the city, and it matters for office demand. People do not decide where to spend their time based on lease rates and floorplates alone. The experience outside the office matters too.

If Scotia Place gives people another reason to come downtown before work, after work, for client events, a night out, or a perfectly reasonable opportunity to dislike the Edmonton Oilers in a public setting, that is worth paying attention to.

Proud to support the Flames, and excited to see what this next chapter means for downtown Calgary as the city continues to grow.

A final thank you to Paul Kong, Chief Financial Officer of Calgary Sports and Entertainment Corporation, for taking the time to chat with us during our visit. Ian and I both appreciated the conversation and his insight into what is ahead.

07/11/2026

Bullbustin’ remains one of the best ways to kick off the Calgary Stampede.

This year, the JLL Calgary team once again had the pleasure of hosting clients and colleagues for an evening of international bull riding, live music, great food, and the kind of Western hospitality Calgary is known for.

Events like this are a good reminder that strong business relationships are often built outside the boardroom. It was great to spend time with so many familiar faces and reconnect with people from across Calgary’s commercial real estate community.

Thank you to the Snyder family and Cody Snyder Charity Bullbustin’ for continuing to create such a memorable event while supporting local charities.

Thank you as well to everyone who joined us. A great evening and a fitting start to the 2026 Calgary Stampede.

06/16/2026

Congratulations to Mason Lam, SIOR, WELL AP, and Ryan Murphy on earning CoStar Group Power Broker Awards in leasing and sales.

The CoStar Power Broker Awards recognize top commercial real estate brokers and firms across Canada and the United States, based on closed sale and lease transactions in each market.

From the JLL Calgary Office Leasing team, we are especially proud to see our leader, Mason, recognized for the work, leadership, and market knowledge he brings to Calgary’s office leasing landscape. His commitment to clients, his team, and the commercial real estate industry is something we see every day.

We also want to congratulate Ryan Murphy on his sales recognition. As part of JLL’s Capital Markets team in the Calgary office, Ryan continues to play an important role in Calgary’s commercial real estate market.

Well deserved, Mason and Ryan. We are proud to work alongside you.

06/04/2026

Mason Lam’s Thoughts: The Office Has to Earn the Commute

There is a lot of conversation right now about return-to-office, hybrid work, mandates, policies, and how many days people should be sitting at a desk.

From my perspective, the better question is not “how many days are people coming in?”

It is “what are they coming in for?”

That is where the Calgary office market shows its strength.

In Q1 2026, Calgary’s overall office availability sat at 21.6%. Downtown availability was 26.2%, while suburban availability sat at 14.6%. At the same time, Trophy downtown office rents reached an average asking rent of $30.11 psf.

That tells us something important.

Tenants are not simply looking for office space in Calgary. They are looking for the right space.

The office now has to do more than house desks, coffee machines, and the occasional printer that somehow requires three people and a minor miracle to fix.

It has to support recruitment, retention, collaboration, mentorship, client meetings, and culture.

For some companies, that means a downtown Trophy building with strong amenities, transit access, meeting space, and a client-facing presence.

For others, it may mean a suburban Calgary office with easier parking, shorter commutes, and proximity to where employees actually live.

The practical reality is that return-to-office is not a workplace strategy on its own.
A policy may get people into the office.

A well-planned workplace gives them a reason to be there.

The goal is not more space. The goal is the right space, with the right economics, in the right location, for how the business actually operates.

That is where strategy matters.

05/27/2026

There are moments in this business that go far beyond deals and square footage.

Our team at JLL Calgary recently had the opportunity to donate a number of Hitmen hockey tickets to the Calgary Bridge Foundation for Youth, and it is something we are incredibly proud to support.

The Calgary Bridge Foundation for Youth plays an important role in our city. Since 1990, they have supported tens of thousands of immigrant and refugee families as they build new lives in Calgary. Through academic support, mentorship, and community-based programs, they are helping young people find their footing and thrive in a new environment.

Their mission, to champion the journey of newcomer children and youth, is backed by values that resonate deeply: connection, collaboration, and community.

If you are in a position to give, there is an opportunity right now to make an even greater impact. As a registered charity, they are part of the Rogers Birdies for Kids Presented by AltaLink initiative, meaning all donations made before the end of August will be matched by up to 50 percent.

Learn more or contribute here:

https://rogerscharityclassic.com/charities/calgary-bridge-foundation/

We are proud to support organizations that are shaping the future of our city in meaningful ways.

05/05/2026

La Paz, Mexico 🌴

This trip was the perfect mix of team building and a bit of time to recharge. In commercial real estate, there is never truly a full day off. Calls get taken, emails get answered, and deals keep moving, even with an ocean view.

What made this trip stand out was the time spent together.

Getting out of the office gave us the chance to connect in a different way and appreciate what we have built as a team. We genuinely enjoy working with each other, and that shows in everything we do.

We all bring different strengths to the table, along with along with areas to improve, and that is exactly why it works. We support each other, challenge each other, and find a way to keep pushing forward, whether we are in the office or a little further from home.

A few laughs, a few work calls, and a lot of appreciation for the team around us.

Grateful for this group.

04/30/2026

One of our favourite days of the year is officially wrapped.

JLL’s 10th Annual 3-on-3 Basketball Tournament was another great one, and this year felt even more special getting to host it at a new venue, Jack Simpson Gym at the University of Calgary in support of the Breakfast Club of Canada
Proud to share that together we raised over $30,000.

A big thank you to all of our sponsors who helped make the day happen: QuadReal, Oxford Properties, Re*****on Development Corporation, Govan Brown, Beedie, Dream, Steelcase, SERVPRO, Fasken, Qualico Properties, BGO, Hopewell, Brookfield Properties, Premiere, Aspen Properties, Enright, Anthem, TPH, Cold Garden, and Spolumbo’s.

And a special thank you to the Calgary Surge for being part of the day, adding another level to the tournament with their involvement.

We say it every year, but it really stands out at events like this, Calgary’s CRE community shows up. Great competition, lots of laughs, and a shared commitment to giving back.

Already counting down to next year.

03/12/2026

Over the past few months, members of the JLL Calgary office have spent several lunch hours volunteering at The Salvation Army’s Centre of Hope.

Our team helped serve lunch, support kitchen operations, and assist with clean up while connecting with the incredible staff and volunteers who keep this important service running every day.

These volunteer opportunities reflect our Calgary office’s ongoing commitment to giving back and supporting the meaningful work The Salvation Army does in our community.

Experiences like this are a great reminder of the impact local organizations have across Calgary and how giving a little time can make a difference.

Thank you to The Salvation Army team at the Centre of Hope for welcoming us.

Learn more about their work and how you can get involved:
https://www.salvationarmycalgary.org/

03/04/2026

Please join us in welcoming the newest member of our team, Tim Nguyen.

Tim joins the JLL Calgary Office Leasing team as a Property Marketing Associate, supporting maternity leave coverage, and is excited to deliver high-impact marketing support for our office leasing professionals.

With a decade of experience producing compelling visual content and campaigns, Tim brings strong commercial storytelling skills that translate directly to commercial real estate, including building positioning, brand-aligned collateral, and polished materials that help landlords and brokers stand out in a competitive market.

Over the past ten years, Tim has worked as a freelance visual asset creator for Calgary’s performing and visual arts organizations, producing impactful photography, video, and promotional design. He has also served as an executive board member for TEDxYYC and as a panelist with the Exposure Photography Festival. Tim’s background also includes education and mentorship through roles as a professor at Mount Royal University, a live streaming consultant at the University of Calgary, and a mentor to high school students learning art and photography fundamentals.

Welcome to the team, Tim.

JLL Calgary Office

07/29/2026

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